Ultimate Laurens County Real Estate Investing Guide for 2024
Overview
Laurens County Real Estate Investing Market Overview
Over the last 10 years, the population growth rate in Laurens County has a yearly average of . The national average for this period was with a state average of .
In the same 10-year term, the rate of increase for the entire population in Laurens County was , in contrast to for the state, and nationally.
Home values in Laurens County are illustrated by the prevailing median home value of . In contrast, the median value for the state is , while the national indicator is .
Housing values in Laurens County have changed throughout the past ten years at a yearly rate of . The yearly appreciation rate in the state averaged . Across the United States, property value changed yearly at an average rate of .
The gross median rent in Laurens County is , with a state median of , and a national median of .
Laurens County Real Estate Investing Highlights
Laurens County Top Highlights
https://housecashin.com/investing-guides/investing-laurens-county-sc/#top_highlights_3
Strategies
Strategy Selection
When you are contemplating a possible property investment location, your analysis will be lead by your real estate investment plan.
We’re going to show you instructions on how you should look at market data and demography statistics that will affect your unique kind of investment. This should enable you to identify and evaluate the location intelligence found on this web page that your plan requires.
Fundamental market indicators will be important for all kinds of real property investment. Public safety, major interstate access, local airport, etc. When you get into the details of the market, you need to concentrate on the particulars that are important to your specific investment.
Events and features that attract tourists are important to short-term rental investors. Short-term home fix-and-flippers pay attention to the average Days on Market (DOM) for home sales. If you see a 6-month supply of residential units in your price category, you may need to hunt in a different place.
Long-term investors search for indications to the reliability of the city’s employment market. The unemployment data, new jobs creation pace, and diversity of industries will illustrate if they can hope for a stable supply of renters in the area.
When you are unsure regarding a method that you would want to try, contemplate getting knowledge from real estate mentors for investors in Laurens County SC. An additional useful idea is to participate in one of Laurens County top property investor clubs and attend Laurens County property investor workshops and meetups to meet different mentors.
Let’s examine the various kinds of real property investors and which indicators they need to scout for in their location research.
Active Real Estate Investment Strategies
Buy and Hold
This investment approach requires acquiring a building or land and retaining it for a significant period. During that period the property is used to create rental income which increases the owner’s income.
At any time down the road, the investment property can be unloaded if capital is needed for other acquisitions, or if the resale market is really robust.
A broker who is ranked with the top Laurens County investor-friendly realtors can give you a comprehensive analysis of the region where you want to invest. Here are the factors that you need to acknowledge most completely for your buy-and-hold venture plan.
Factors to Consider
Property Appreciation Rate
This is an essential gauge of how solid and robust a real estate market is. You are searching for reliable increases each year. This will let you accomplish your main target — selling the property for a larger price. Dormant or decreasing investment property values will do away with the main factor of a Buy and Hold investor’s strategy.
Population Growth
If a market’s population is not increasing, it evidently has a lower need for housing. It also usually causes a decline in property and lease prices. A decreasing site isn’t able to make the upgrades that will attract moving businesses and families to the area. You should discover growth in a market to contemplate buying there. Hunt for cities that have secure population growth. This strengthens increasing investment home values and lease levels.
Property Taxes
Property tax rates strongly impact a Buy and Hold investor’s returns. You are looking for a city where that cost is reasonable. Authorities normally can’t push tax rates back down. A city that repeatedly raises taxes could not be the well-managed municipality that you are looking for.
Sometimes a singular parcel of real property has a tax assessment that is too high. If this circumstance happens, a firm from our list of Laurens County real estate tax advisors will take the circumstances to the municipality for examination and a potential tax assessment reduction. However, when the circumstances are complex and dictate litigation, you will need the involvement of the best Laurens County property tax appeal lawyers.
Price to rent ratio
The price to rent ratio (p/r) equals the median real property price divided by the annual median gross rent. A town with low rental rates will have a higher p/r. You want a low p/r and larger lease rates that will repay your property more quickly. However, if p/r ratios are too low, rental rates may be higher than purchase loan payments for similar housing. If renters are turned into buyers, you can get stuck with vacant units. You are looking for cities with a reasonably low p/r, certainly not a high one.
Median Gross Rent
Median gross rent can show you if a city has a durable lease market. The city’s recorded statistics should demonstrate a median gross rent that regularly increases.
Median Population Age
You can utilize a city’s median population age to predict the portion of the population that might be tenants. You want to find a median age that is approximately the middle of the age of the workforce. A median age that is unreasonably high can demonstrate increased future pressure on public services with a dwindling tax base. An aging population can culminate in larger real estate taxes.
Employment Industry Diversity
When you choose to be a Buy and Hold investor, you hunt for a varied employment base. A strong community for you has a varied group of industries in the area. If a single industry type has stoppages, most companies in the location are not affected. You don’t want all your renters to lose their jobs and your rental property to lose value because the single dominant employer in the community closed.
Unemployment Rate
If unemployment rates are excessive, you will see not many opportunities in the town’s residential market. Lease vacancies will increase, foreclosures can increase, and income and investment asset gain can equally suffer. When people lose their jobs, they aren’t able to afford goods and services, and that hurts businesses that hire other people. High unemployment rates can hurt a region’s ability to draw additional businesses which impacts the region’s long-term financial strength.
Income Levels
Residents’ income statistics are investigated by every ‘business to consumer’ (B2C) company to uncover their clients. Buy and Hold investors examine the median household and per capita income for individual segments of the area in addition to the region as a whole. Growth in income signals that tenants can pay rent promptly and not be frightened off by progressive rent escalation.
Number of New Jobs Created
The number of new jobs created continuously helps you to predict a location’s prospective financial picture. New jobs are a supply of your renters. The inclusion of more jobs to the market will assist you to maintain acceptable tenant retention rates as you are adding rental properties to your investment portfolio. An economy that provides new jobs will entice additional workers to the market who will rent and purchase houses. A robust real property market will benefit your long-range plan by generating an appreciating market price for your investment property.
School Ratings
School reputation will be a high priority to you. Relocating companies look carefully at the caliber of local schools. Highly evaluated schools can entice new households to the region and help keep current ones. The stability of the demand for housing will make or break your investment efforts both long and short-term.
Natural Disasters
Considering that a successful investment strategy depends on ultimately liquidating the asset at an increased amount, the appearance and physical stability of the improvements are essential. That is why you’ll need to bypass markets that routinely experience natural catastrophes. Nevertheless, your property & casualty insurance needs to safeguard the real estate for damages caused by events like an earth tremor.
In the occurrence of tenant damages, meet with an expert from our list of Laurens County landlord insurance brokers for acceptable coverage.
Long Term Rental (BRRRR)
The abbreviation BRRRR is a description of a long-term lease plan — Buy, Rehab, Rent, Refinance, Repeat. When you want to expand your investments, the BRRRR is an excellent strategy to employ. An important piece of this plan is to be able to obtain a “cash-out” refinance.
The After Repair Value (ARV) of the asset has to equal more than the total acquisition and rehab costs. Then you get a cash-out refinance loan that is calculated on the larger market value, and you take out the balance. This cash is reinvested into the next asset, and so on. This plan enables you to reliably enhance your assets and your investment income.
If your investment real estate portfolio is substantial enough, you may outsource its oversight and receive passive income. Find Laurens County investment property management firms when you go through our list of professionals.
Factors to Consider
Population Growth
The increase or fall of a community’s population is a good barometer of the area’s long-term attractiveness for rental property investors. If you discover vibrant population increase, you can be confident that the area is drawing possible tenants to it. The market is appealing to companies and working adults to locate, work, and have families. A growing population creates a certain base of tenants who will stay current with rent bumps, and a strong property seller’s market if you decide to liquidate your assets.
Property Taxes
Property taxes, similarly to insurance and upkeep spendings, may differ from place to market and have to be considered cautiously when predicting possible returns. High real estate tax rates will hurt a real estate investor’s returns. Markets with high property taxes are not a reliable situation for short- and long-term investment and need to be bypassed.
Price to Rent Ratio
The price to rent ratio (p/r) is a contrast of median property values and median rental rates that will show you how high of a rent the market can allow. The rate you can collect in a region will define the price you are able to pay based on the number of years it will take to repay those funds. The lower rent you can collect the higher the price-to-rent ratio, with a low p/r signalling a more robust rent market.
Median Gross Rents
Median gross rents demonstrate whether a location’s lease market is dependable. Look for a consistent expansion in median rents year over year. If rents are being reduced, you can scratch that market from discussion.
Median Population Age
Median population age in a good long-term investment environment must reflect the typical worker’s age. This may also signal that people are migrating into the area. A high median age shows that the existing population is retiring without being replaced by younger workers migrating in. That is a poor long-term economic scenario.
Employment Base Diversity
Having a variety of employers in the locality makes the market not as risky. When there are only one or two significant hiring companies, and either of such relocates or closes down, it will lead you to lose tenants and your real estate market values to decline.
Unemployment Rate
High unemployment results in fewer renters and an unsafe housing market. Non-working individuals can’t buy products or services. Workers who continue to have jobs can find their hours and salaries reduced. Current renters might become late with their rent in these conditions.
Income Rates
Median household and per capita income will show you if the tenants that you are looking for are residing in the region. Your investment calculations will consider rental fees and investment real estate appreciation, which will be determined by salary raise in the area.
Number of New Jobs Created
The more jobs are regularly being provided in a location, the more consistent your tenant inflow will be. A market that provides jobs also boosts the number of people who participate in the property market. This assures you that you will be able to maintain an acceptable occupancy rate and acquire more real estate.
School Ratings
Local schools will have a strong impact on the housing market in their neighborhood. When an employer assesses a region for potential expansion, they remember that first-class education is a must-have for their workers. Reliable tenants are a consequence of a strong job market. Homeowners who move to the community have a good impact on real estate market worth. You will not discover a dynamically growing housing market without highly-rated schools.
Property Appreciation Rates
Good real estate appreciation rates are a must for a successful long-term investment. You need to make sure that your real estate assets will grow in market value until you decide to move them. You don’t want to allot any time examining locations showing unimpressive property appreciation rates.
Short Term Rentals
A furnished residential unit where renters live for shorter than 30 days is referred to as a short-term rental. The nightly rental rates are usually higher in short-term rentals than in long-term rental properties. Because of the high number of renters, short-term rentals necessitate more regular maintenance and sanitation.
Short-term rentals appeal to individuals traveling for business who are in the city for several days, people who are migrating and want short-term housing, and backpackers. House sharing sites such as AirBnB and VRBO have enabled many homeowners to join in the short-term rental industry. An easy way to enter real estate investing is to rent a residential unit you currently own for short terms.
Short-term rental landlords require working directly with the occupants to a greater degree than the owners of longer term leased units. As a result, owners deal with problems regularly. Think about managing your exposure with the support of one of the best law firms for real estate in Laurens County SC.
Factors to Consider
Short-Term Rental Income
You need to calculate the amount of rental revenue you are looking for based on your investment budget. Knowing the average rate of rental fees in the area for short-term rentals will allow you to select a profitable area to invest.
Median Property Prices
When purchasing real estate for short-term rentals, you must know the budget you can afford. To find out whether a community has opportunities for investment, look at the median property prices. You can customize your community survey by looking at the median market worth in particular sub-markets.
Price Per Square Foot
Price per sq ft provides a general picture of property values when looking at comparable real estate. If you are examining the same kinds of real estate, like condos or individual single-family residences, the price per square foot is more reliable. If you take this into consideration, the price per square foot can give you a general idea of property prices.
Short-Term Rental Occupancy Rate
A closer look at the area’s short-term rental occupancy levels will tell you whether there is a need in the region for additional short-term rental properties. When most of the rentals are full, that area requires more rentals. When the rental occupancy rates are low, there isn’t enough space in the market and you should look in another location.
Short-Term Rental Cash-on-Cash Return
A short-term rental’s cash-on-cash return can tell you if the investment is a smart use of your money. Divide the Net Operating Income (NOI) by the amount of cash invested. The answer you get is a percentage. The higher the percentage, the quicker your invested cash will be returned and you will begin gaining profits. Loan-assisted projects will have a higher cash-on-cash return because you are investing less of your money.
Average Short-Term Rental Capitalization (Cap) Rates
This criterion compares rental property worth to its annual revenue. As a general rule, the less money a unit costs (or is worth), the higher the cap rate will be. When investment real estate properties in a city have low cap rates, they typically will cost more. You can calculate the cap rate for potential investment real estate by dividing the Net Operating Income (NOI) by the market worth or listing price of the investment property. The percentage you receive is the property’s cap rate.
Local Attractions
Short-term renters are commonly tourists who visit a community to attend a recurring significant event or visit tourist destinations. This includes collegiate sporting events, children’s sports contests, schools and universities, big auditoriums and arenas, fairs, and amusement parks. Popular vacation spots are found in mountainous and beach areas, alongside waterways, and national or state nature reserves.
Fix and Flip
The fix and flip investment plan entails purchasing a home that requires improvements or rebuilding, creating more value by enhancing the property, and then selling it for a higher market value. To keep the business profitable, the flipper needs to pay less than the market value for the property and determine the amount it will cost to repair the home.
It’s vital for you to figure out the rates homes are going for in the area. Choose a city that has a low average Days On Market (DOM) indicator. Selling real estate promptly will keep your costs low and maximize your profitability.
To help distressed residence sellers find you, enter your business in our catalogues of property cash buyers in Laurens County SC and real estate investors in Laurens County SC.
In addition, look for property bird dogs in Laurens County SC. Experts in our catalogue concentrate on acquiring desirable investments while they are still unlisted.
Factors to Consider
Median Home Price
When you look for a profitable location for property flipping, check the median home price in the neighborhood. You’re hunting for median prices that are low enough to show investment opportunities in the region. You need cheaper real estate for a lucrative fix and flip.
When market information shows a quick decline in real estate market values, this can highlight the availability of possible short sale properties. Real estate investors who team with short sale specialists in Laurens County SC receive continual notifications regarding potential investment properties. Uncover more about this kind of investment described by our guide How to Buy a Short Sale Property.
Property Appreciation Rate
Are real estate prices in the market going up, or on the way down? You’re searching for a reliable appreciation of local real estate market rates. Speedy property value growth could indicate a market value bubble that isn’t practical. Buying at an inopportune period in an unreliable market condition can be devastating.
Average Renovation Costs
You will want to analyze construction costs in any potential investment region. The time it will require for acquiring permits and the municipality’s rules for a permit request will also affect your decision. If you have to present a stamped set of plans, you will have to incorporate architect’s rates in your costs.
Population Growth
Population growth is a good gauge of the strength or weakness of the region’s housing market. Flat or declining population growth is a sign of a sluggish market with not an adequate supply of purchasers to justify your investment.
Median Population Age
The median citizens’ age is a direct sign of the accessibility of potential homebuyers. If the median age is the same as that of the regular worker, it’s a good sign. Workers can be the people who are active homebuyers. The needs of retirees will most likely not fit into your investment project strategy.
Unemployment Rate
While researching a community for real estate investment, keep your eyes open for low unemployment rates. The unemployment rate in a future investment area needs to be lower than the nation’s average. If it is also less than the state average, that’s much more preferable. If they want to buy your renovated homes, your potential buyers are required to be employed, and their clients as well.
Income Rates
Median household and per capita income are an important indicator of the scalability of the housing environment in the region. The majority of individuals who buy a home have to have a mortgage loan. To obtain approval for a home loan, a borrower cannot be spending for a house payment greater than a specific percentage of their salary. The median income stats show you if the market is good for your investment project. Particularly, income increase is vital if you want to scale your investment business. Building expenses and home prices rise over time, and you need to know that your potential purchasers’ income will also climb up.
Number of New Jobs Created
The number of jobs created every year is valuable data as you consider investing in a specific area. An increasing job market means that a larger number of people are comfortable with buying a home there. Experienced trained workers taking into consideration purchasing a house and settling opt for migrating to areas where they won’t be unemployed.
Hard Money Loan Rates
Real estate investors who work with upgraded real estate often use hard money loans in place of regular loans. This lets investors to quickly pick up desirable assets. Discover the best hard money lenders in Laurens County SC so you may match their fees.
Someone who wants to know about hard money loans can find what they are and the way to employ them by studying our article titled How Hard Money Lending Works.
Wholesaling
In real estate wholesaling, you find a home that investors would consider a good deal and enter into a purchase contract to buy it. When a real estate investor who wants the residential property is found, the sale and purchase agreement is sold to them for a fee. The owner sells the home to the real estate investor instead of the real estate wholesaler. The wholesaler doesn’t liquidate the residential property — they sell the rights to purchase one.
Wholesaling relies on the assistance of a title insurance company that is comfortable with assigned purchase contracts and comprehends how to deal with a double closing. Locate investor friendly title companies in Laurens County SC that we selected for you.
Discover more about this strategy from our definitive guide — Real Estate Wholesaling Explained for Beginners. As you opt for wholesaling, include your investment business in our directory of the best wholesale property investors in Laurens County SC. This way your possible clientele will learn about your availability and reach out to you.
Factors to Consider
Median Home Prices
Median home prices are instrumental to discovering areas where properties are selling in your real estate investors’ price point. As real estate investors want investment properties that are on sale for less than market value, you will need to find below-than-average median purchase prices as an indirect tip on the potential source of homes that you may purchase for below market price.
A quick drop in the market value of real estate may generate the accelerated appearance of properties with more debt than value that are wanted by wholesalers. Short sale wholesalers often reap benefits from this strategy. Nonetheless, it also presents a legal liability. Find out details regarding wholesaling short sales from our comprehensive explanation. When you’ve decided to attempt wholesaling these properties, make sure to employ someone on the list of the best short sale attorneys in Laurens County SC and the best real estate foreclosure attorneys in Laurens County SC to help you.
Property Appreciation Rate
Median home purchase price changes clearly illustrate the housing value picture. Investors who plan to sit on investment properties will want to find that home purchase prices are steadily going up. Both long- and short-term investors will stay away from a region where residential prices are decreasing.
Population Growth
Population growth information is important for your proposed purchase contract buyers. If the community is expanding, additional housing is required. There are a lot of individuals who lease and plenty of clients who buy homes. If a community is not growing, it doesn’t need new housing and real estate investors will search in other areas.
Median Population Age
Investors want to see a dependable property market where there is a considerable pool of tenants, first-time homeowners, and upwardly mobile citizens buying larger homes. A city with a huge workforce has a steady pool of tenants and buyers. An area with these attributes will display a median population age that is the same as the wage-earning adult’s age.
Income Rates
The median household and per capita income demonstrate consistent growth historically in communities that are desirable for investment. Surges in rent and listing prices must be aided by growing income in the region. That will be important to the real estate investors you need to work with.
Unemployment Rate
The community’s unemployment stats will be a key aspect for any prospective sales agreement buyer. Delayed rent payments and lease default rates are worse in regions with high unemployment. Long-term investors will not take real estate in a market like that. Real estate investors cannot depend on renters moving up into their homes if unemployment rates are high. This makes it tough to reach fix and flip investors to take on your purchase agreements.
Number of New Jobs Created
The amount of additional jobs being created in the city completes an investor’s review of a future investment location. New residents relocate into a community that has fresh job openings and they need a place to live. This is good for both short-term and long-term real estate investors whom you depend on to take on your wholesale real estate.
Average Renovation Costs
Renovation expenses will be critical to many property investors, as they typically buy low-cost rundown homes to rehab. Short-term investors, like house flippers, won’t earn anything if the price and the rehab expenses amount to more than the After Repair Value (ARV) of the home. The less you can spend to update an asset, the friendlier the place is for your future purchase agreement clients.
Mortgage Note Investing
Purchasing mortgage notes (loans) is successful when the mortgage note can be acquired for less than the remaining balance. When this happens, the investor takes the place of the client’s mortgage lender.
Loans that are being paid as agreed are called performing loans. Performing notes give repeating cash flow for investors. Some note investors want non-performing loans because when the note investor can’t satisfactorily re-negotiate the loan, they can always purchase the collateral property at foreclosure for a below market price.
Ultimately, you might grow a group of mortgage note investments and lack the ability to oversee the portfolio by yourself. At that point, you might want to employ our directory of Laurens County top third party loan servicing companies and reassign your notes as passive investments.
If you want to try this investment plan, you ought to place your project in our list of the best mortgage note buyers in Laurens County SC. Joining will make your business more noticeable to lenders offering desirable possibilities to note investors like yourself.
Factors to consider
Foreclosure Rates
Low foreclosure rates are a signal that the area has opportunities for performing note purchasers. High rates might indicate investment possibilities for non-performing note investors, however they have to be cautious. If high foreclosure rates have caused a weak real estate environment, it may be tough to resell the collateral property after you seize it through foreclosure.
Foreclosure Laws
Experienced mortgage note investors are fully well-versed in their state’s laws for foreclosure. They will know if the state dictates mortgages or Deeds of Trust. A mortgage dictates that the lender goes to court for approval to foreclose. You do not need the court’s permission with a Deed of Trust.
Mortgage Interest Rates
Note investors inherit the interest rate of the mortgage loan notes that they purchase. That interest rate will unquestionably influence your profitability. Regardless of the type of mortgage note investor you are, the loan note’s interest rate will be critical to your calculations.
The mortgage loan rates quoted by conventional lenders are not identical everywhere. The stronger risk taken on by private lenders is reflected in higher loan interest rates for their mortgage loans in comparison with conventional loans.
Note investors should consistently know the up-to-date local interest rates, private and conventional, in possible note investment markets.
Demographics
When mortgage note investors are choosing where to buy notes, they’ll review the demographic information from possible markets. It is critical to know if an adequate number of citizens in the market will continue to have good jobs and wages in the future.
Mortgage note investors who like performing mortgage notes select places where a high percentage of younger residents hold good-paying jobs.
Non-performing mortgage note purchasers are reviewing comparable elements for various reasons. If foreclosure is required, the foreclosed collateral property is more easily sold in a strong market.
Property Values
Mortgage lenders like to find as much equity in the collateral property as possible. When the property value isn’t significantly higher than the mortgage loan amount, and the lender wants to start foreclosure, the home might not generate enough to repay the lender. Growing property values help increase the equity in the home as the homeowner reduces the amount owed.
Property Taxes
Usually homeowners pay real estate taxes through lenders in monthly installments while sending their loan payments. This way, the mortgage lender makes sure that the taxes are submitted when due. The mortgage lender will have to compensate if the mortgage payments cease or they risk tax liens on the property. When property taxes are delinquent, the municipality’s lien jumps over all other liens to the front of the line and is taken care of first.
If property taxes keep increasing, the client’s mortgage payments also keep increasing. This makes it complicated for financially challenged borrowers to meet their obligations, and the loan could become delinquent.
Real Estate Market Strength
A community with growing property values offers excellent opportunities for any mortgage note buyer. As foreclosure is an important element of mortgage note investment strategy, appreciating real estate values are essential to discovering a good investment market.
Vibrant markets often show opportunities for private investors to originate the first loan themselves. For successful investors, this is a profitable part of their business plan.
Passive Real Estate Investment Strategies
Syndications
In real estate investing, a syndication is a collection of investors who pool their money and talents to buy real estate assets for investment. The syndication is structured by a person who enrolls other professionals to participate in the venture.
The partner who arranges the Syndication is called the Sponsor or the Syndicator. The Syndicator handles all real estate details including acquiring or developing assets and managing their operation. This individual also supervises the business details of the Syndication, including partners’ dividends.
Syndication members are passive investors. In exchange for their money, they receive a superior position when income is shared. The passive investors have no authority (and therefore have no duty) for rendering business or property management choices.
Factors to consider
Real Estate Market
The investment blueprint that you prefer will govern the area you choose to enroll in a Syndication. To know more about local market-related elements significant for typical investment strategies, read the earlier sections of our webpage concerning the active real estate investment strategies.
Sponsor/Syndicator
As a passive investor depending on the Syndicator with your funds, you need to review his or her reliability. Hunt for someone having a record of profitable projects.
The Syndicator may or may not put their cash in the venture. Certain members only want projects in which the Syndicator also invests. Certain ventures determine that the effort that the Syndicator performed to assemble the venture as “sweat” equity. Some investments have the Sponsor being paid an upfront fee plus ownership share in the investment.
Ownership Interest
The Syndication is fully owned by all the participants. Everyone who invests funds into the partnership should expect to own a larger share of the partnership than those who do not.
As a capital investor, you should also expect to receive a preferred return on your capital before income is distributed. The percentage of the cash invested (preferred return) is distributed to the cash investors from the income, if any. After it’s disbursed, the remainder of the profits are disbursed to all the owners.
When the asset is eventually sold, the owners receive an agreed percentage of any sale profits. In a strong real estate environment, this may add a big increase to your investment results. The operating agreement is cautiously worded by a lawyer to describe everyone’s rights and responsibilities.
REITs
A REIT, or Real Estate Investment Trust, means a business that invests in income-generating assets. REITs were developed to empower everyday people to invest in real estate. REIT shares are affordable for most people.
Shareholders’ investment in a REIT is considered passive investing. Investment risk is spread throughout a portfolio of real estate. Shareholders have the option to unload their shares at any moment. But REIT investors don’t have the ability to select particular real estate properties or locations. You are confined to the REIT’s portfolio of real estate properties for investment.
Real Estate Investment Funds
Real estate investment funds are basically mutual funds concentrating on real estate companies, including REITs. The investment properties are not possessed by the fund — they’re possessed by the businesses in which the fund invests. These funds make it doable for more people to invest in real estate properties. Fund members might not get regular disbursements the way that REIT shareholders do. As with other stocks, investment funds’ values increase and go down with their share market value.
Investors can pick a fund that focuses on specific segments of the real estate business but not specific locations for individual real estate investment. As passive investors, fund shareholders are satisfied to permit the management team of the fund make all investment determinations.
Housing
Laurens County Housing 2024
Laurens County has a median home value of , the state has a median home value of , while the median value across the nation is .
The annual home value appreciation tempo is an average of during the past 10 years. Across the whole state, the average yearly market worth growth rate during that period has been . The 10 year average of annual housing value growth throughout the United States is .
Speaking about the rental industry, Laurens County has a median gross rent of . The median gross rent amount statewide is , while the United States’ median gross rent is .
Laurens County has a home ownership rate of . The rate of the total state’s populace that are homeowners is , compared to throughout the nation.
The rate of residential real estate units that are occupied by tenants in Laurens County is . The statewide tenant occupancy rate is . The country’s occupancy level for leased properties is .
The combined occupancy percentage for single-family units and apartments in Laurens County is , at the same time the unoccupied rate for these units is .
Real Estate Trends
Laurens County Home Appreciation Rates
https://housecashin.com/investing-guides/investing-laurens-county-sc/#home_appreciation_rates_10
Laurens County Home Value
https://housecashin.com/investing-guides/investing-laurens-county-sc/#home_value_10
Laurens County Median Home Value
https://housecashin.com/investing-guides/investing-laurens-county-sc/#median_home_value_10
Laurens County Median Gross Rent
https://housecashin.com/investing-guides/investing-laurens-county-sc/#median_gross_rent_10
Laurens County Price To Rent Ratio Over Time
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Laurens County Home Ownership
Laurens County Rent & Ownership
https://housecashin.com/investing-guides/investing-laurens-county-sc/#rent_&_ownership_11
Laurens County Rent Vs Owner Occupied By Household Type
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Laurens County Occupied & Vacant Number Of Homes And Apartments
https://housecashin.com/investing-guides/investing-laurens-county-sc/#occupied_&_vacant_number_of_homes_and_apartments_11
Laurens County Household Type
https://housecashin.com/investing-guides/investing-laurens-county-sc/#household_type_11
Laurens County Property Types
Laurens County Age Of Homes
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Laurens County Types Of Homes
https://housecashin.com/investing-guides/investing-laurens-county-sc/#types_of_homes_12
Laurens County Homes Size
https://housecashin.com/investing-guides/investing-laurens-county-sc/#homes_size_12
Marketplace
Laurens County Investment Property Marketplace
If you are looking to invest in Laurens County real estate, our Investment Property Marketplace can become your indispensable tool in your investing business. To help you easily find the best off-market deals in the Laurens County area, we created a nationwide investor-friendly online platform. Use it to shop for lucrative off-market properties for sale according to your specific buying criteria.
Unlike other real estate listing websites, our marketplace’s interface is particularly designed for investors. Besides the purchase price, you can see other, essential to investors, key indicators such as: rehab costs and ARV, potential profit, FSBO, or realtor-assisted deal, and others. To get started, visit our marketplace and search for Laurens County investment properties for sale.
Laurens County Investment Properties for Sale
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Financing
Laurens County Real Estate Investing Financing
If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Laurens County SC, easily get quotes from multiple lenders at once and compare rates.
Fill out our quick online real estate financing application form to receive multiple quotes for your preferred type of loan from our preferred Laurens County private and hard money lenders.
Laurens County Investment Property Loan Types
- Rehab Loans
- Fix and Flip Loans
- Bridge Loans
- Asset Based Loans
- Cash Out/Refinance Loans
- Transactional Funding
- Transactional Hard Money Loans
- Private Money Loans
- New Construction Loans
Population
Laurens County Population Trends
The total population of Laurens County is .
During the last ten years, the population growth rate of Laurens County was listed at . During that decade, the state registered a growth rate of . The United States’ growth rate throughout the same cycle was .
This amounts to a yearly total population growth rate of , against the total state’s yearlong rate of . During the same timeframe, the average annual population growth rate for the nation was recorded at .
is the median age of the population in Laurens County.
Laurens County Population Over Time
https://housecashin.com/investing-guides/investing-laurens-county-sc/#population_over_time_24
Laurens County Population By Year
https://housecashin.com/investing-guides/investing-laurens-county-sc/#population_by_year_24
Laurens County Population By Age And Sex
https://housecashin.com/investing-guides/investing-laurens-county-sc/#population_by_age_and_sex_24
Economy
Laurens County Economy 2024
The median household income in Laurens County is . At the state level, the household median level of income is , and within the country, it is .
The community of Laurens County has a per capita level of income of , while the per person amount of income for the state is . Per capita income in the country is recorded at .
Salaries in Laurens County average , compared to throughout the state, and in the country.
The unemployment rate is in Laurens County, in the state, and in the United States in general.
Overall, the poverty rate in Laurens County is . The entire state’s poverty rate is , with the country’s poverty rate at .
Laurens County Residents’ Income
Laurens County Median Household Income
https://housecashin.com/investing-guides/investing-laurens-county-sc/#median_household_income_27
Laurens County Per Capita Income
https://housecashin.com/investing-guides/investing-laurens-county-sc/#per_capita_income_27
Laurens County Income Distribution
https://housecashin.com/investing-guides/investing-laurens-county-sc/#income_distribution_27
Laurens County Poverty Over Time
https://housecashin.com/investing-guides/investing-laurens-county-sc/#poverty_over_time_27
Laurens County Property Price To Income Ratio Over Time
https://housecashin.com/investing-guides/investing-laurens-county-sc/#property_price_to_income_ratio_over_time_27
Laurens County Job Market
Laurens County Employment Industries (Top 10)
https://housecashin.com/investing-guides/investing-laurens-county-sc/#employment_industries_(top_10)_28
Laurens County Unemployment Rate
https://housecashin.com/investing-guides/investing-laurens-county-sc/#unemployment_rate_28
Laurens County Employment Distribution By Age
https://housecashin.com/investing-guides/investing-laurens-county-sc/#employment_distribution_by_age_28
Laurens County Average Salary Over Time
https://housecashin.com/investing-guides/investing-laurens-county-sc/#average_salary_over_time_28
Laurens County Employment Rate Over Time
https://housecashin.com/investing-guides/investing-laurens-county-sc/#employment_rate_over_time_28
Laurens County Employed Population Over Time
https://housecashin.com/investing-guides/investing-laurens-county-sc/#employed_population_over_time_28
Schools
Laurens County School Ratings
Laurens County has a public education system consisting of primary schools, middle schools, and high schools.
The high school graduation rate in the Laurens County schools is .
Laurens County School Ratings
https://housecashin.com/investing-guides/investing-laurens-county-sc/#school_ratings_31